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OPEC+ Likely to Raise September Production Target by 188,000 Barrels/Day at August 2 Meeting

2026-07-23 19:41:03

According to Jin10, OPEC+ is likely to agree on August 2 to raise its September production target by approximately 188,000 barrels per day, the same increase pace as June, July, and August, despite Iranian conflict disruptions. Current OPEC+ output stands significantly below quota due to export constraints in Gulf member states. June production reached 36.28 million barrels per day, down from nearly 43 million barrels per day in February before the conflict. If the September target rises as expected, all production cuts implemented since 2023 would be fully reversed.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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